Financial record, 2004-08

EFTA00195832¶

ACCOUNT EXECUTIVE	GNMA GOVT BOND
VISIT OUR WEBSITE	www.bearstearns.com

What’s In This Statement¶

Financial Summary 3¶

Your Portfolio Holdings … 4¶

Transaction Detail

| Trades Not Yet Settled | 14 |¶

| :--- | :--- |¶

FINANCIAL TRUST CO INC

C/O JEFFREY EPSTEIN

6100 RED HOOK QUARTER

ST B3

ST THOMAS VI 00802

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSIDIARY¶

Your Portfolio at a Glance¶

TOTAL VALUE OF SECURITIES THIS PERIOD	12,698,148
LONG ACCRUED INTEREST	144,104
NET CREDIT BALANCE	48,513
NET EQUITY THIS PERIOD	$12,890,765
NET EQUITY LAST STATEMENT	11,475,709
CHANGE SINCE LAST STATEMENT	1,415,056

There are no “Stop Loss” orders or other pending buy or sell open orders on file for your account.¶

FINANCIAL TRUST CO INC¶

TAXPAYER NUMBER On File¶

ACCOUNT NUMBER¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

STATEMENT PERIOD July 31, 2004¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

Market Value of Your Portfolio¶

SIPC This summary is for informational purposes only. It is not intended as a tax document. This statement should be retained for your records. See reverse side for important information.¶

027 09/01/04:38:31 001¶

V862¶

EFTA00195833¶

2 of 14¶

STATEMENT BACKER IS PRINTED ON THIS PAGE¶

027¶

EFTA00195834¶

3 of 14¶

Cash Flow Analysis¶

	THIS PERIOD
OpeningBalance	$3,971.20
Securities Sold	269,156,483.49
Dividends/Interest	1,044,009.74
Amount Credited	$270,200,493.23
Securities Bought	-269,959,006.50
Dividends/Interest Charged	-196,161.68
Miscellaneous	-782.76
Amount Debited	$-270,155,950.94
Net Cash Activity	44,542.29
Closing Balance	$48,513.49

Cash Balance Summary¶

	OPENING	CLOSING
Margin	3,971.20	48,513.49
Net Cash Balance	$3,971.20	$48,513.49

Income Summary¶

	THIS PERIOD	YEAR TO DATE
U.S.Govt.Bond Int.	11,209.24	294,052.65
Govt.Agency Int.	864,599.88	7,065,800.47
Corp.Bond Int.	168,044.57	1,557,101.84
Credit Balance Int.	156.05	559.25
Reverse Repurchase Int.	59,273.54	163,790.28
Total	$1,103,283.28	$9,081,304.49
Bond Purchase Int.	-196,161.68	-929,102.64
Margin Int.Paid	0.00	-1,770.70
Repurchase Int.Exp.	-9,818.25	-128,719.56

Portfolio Composition¶

Cash/Cash Equivalent	48,513
Fixed Income	12,698,148
Total	$12,746,661

CLEARED THROUGH ITS WHOLLY OWNED SUBSIDIARY¶

STATEMENT PERIOD July 31, 2004¶

FINANCIAL TRUST CO INC¶

THROUGH August 31, 2004¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

Your Portfolio Allocation¶

Unshaded portions denote debit balance and/or short market values. The allocation percentage is derived from the absolute market value of your portfolio.¶

EFTA00195835¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶

CLEARED THROUGH ITS¶

WHOLLY OWNED SUBSDIARY¶

4 of 14¶

FINANCIAL TRUST CO INC¶

Your Portfolio Holdings¶

CASH & CASH EQUIVALENTS¶

STATEMENT PERIOD July 31, 2004¶

THROUGH August 31, 2004¶

ACCOUNT NUMBER¶

DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	MARKET VALUE	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
CASH BALANCE				48,513
TOTAL CASH & CASH EQUIVALENTS				$48,513

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

FIXED INCOME¶

Government & Agency Obligations¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTRATED ANNUAL INCOME	CURRENT YIELD (%)
FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DATED DATE 10/11/02 BOOK ENTRY ONLY DUE 02/15/2032, 5,400% FACTOR = ,28769169	MRGN	17,261,501	9.6502	1,665,771	44,496	1,001,167	60.1023
FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DATED DATE 10/01/02 BOOK ENTRY ONLY DUE 02/15/2032, 5,400% FACTOR = ,28769168	MRGN	7,404,371	8.7603	648,644	17,771	399,836	61.6418
FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO DATED DATE 03/01/02 BOOK ENTRY ONLY DUE 03/01/2032, .001% FACTOR = 1,00000000	MRGN	4,278,010	83.7656	3,583,502	3	43	0.0012
FEDERAL HOME LOAN MTG CORP SERIES 2483 CL SL DATED DATE 07/02/02 BOOK ENTRY ONLY DUE 03/15/2032, 5,400% FACTOR = ,26003635	MRGN	15,000,179	8.3346	1,250,208	36,001	810,010	64.7900

027¶

09/01/04;08:31 001¶

EFTA00195836¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶

5 of 14¶

FINANCIAL TRUST CO INC¶

Your Portfolio Holdings (continued)¶

STATEMENT PERIOD July 31, 2004¶

Government & Agency Obligations (continued)¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FEDERAL NATIONAL MTG ASSN	MRGN	15,227,278	9.7794	1,489,130	13,668	819,989	55.0650
SERIES 2003-49 CLASS SW
DATED DATE 04/30/03
BOOK ENTRY ONLY
DUE 01/25/2033 5,385%
FACTOR = .62646272
Total Government& Agency Obligations				$8,637,255	$111,939	$3,031,045

Corporate Bonds¶

DESCRIPTION	ACCT TYPE	QUANTITY	PRICE	MARKET VALUE	ACCRUED INTEREST	ESTIMATED ANNUAL INCOME	CURRENT YIELD (%)
FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR DATED DATE 02/25/03 BOOK ENTRY ONLY DUE 03/25/2033 6,385% FACTOR = .60445153	MRGN	30,222,574	13.4366	4,060,893	32,165	1,929,711	47.5194
Total CorporateBonds				$4,060,893	$32,165	$1,929,711
TOTAL FIXED INCOME				$12,698,148	$144,104	$4,960,756

YOUR PORTFOLIOHOLDINGSACCRUED INTEREST	$144,104
YOUR PORTFOLIOHOLDINGSESTIMATED ANNUAL INCOME	$4,960,756
YOUR PRICED PORTFOLIOHOLDINGS	$12,746,661

027¶

09/01/04;08:31 001¶

EFTA00195837¶

6 of 14¶

FINANCIAL TRUST CO INC¶

Repurchase and Reverse Repurchase Transactions¶

STATEMENT PERIOD July 31, 2004¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

	PURCHASE/ START DATE	REPURCHASE DATE	PRICING RATE	PURCHASE PRICE/ PRINCIPAL	ACCRUED REPO INTEREST*	QUANTITY (FACE AMOUNT)	DESCRIPTION
YOU SOLD (REPO)	07/09/04	10/12/04	1.790	-3,739,000	-10,039	-44,389,962	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 5.6000 01/16/34
YOU SOLD (REPO)	07/09/04	10/12/04	1.790	-5,866,000	-15,750	-44,000,000	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-5 CLASS P 5.3500 02/20/33
YOU SOLD (REPO)	08/12/04	09/13/04	1.800	-9,788,000	-9,788	-50,000,000	F H L M C - STRIP PRINCIPAL ONLY
YOU PROVIDED (MARGIN)	08/19/04	OPEN	0.000			-50,000,000	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ 6.4000 03/15/32
YOU SOLD (REPO)	08/27/04	09/02/04	1.710	-6,200,000	-1,472	-10,000,000	GOVERNMENT NATIONAL MTG ASSOC SERIES 2004-2 CLASS S 11.2000 01/16/34
YOU BOUGHT (REVERSE)	08/06/04	OPEN	1.290	50,375,000	41,601	50,000,000	USTR 2.7500 07/31/06
TOTAL REVERSE REPURCHASE TRANSACTIONS				$50,375,000	$41,601
TOTAL REPURCHASE TRANSACTIONS				$-25,593,000	$-37,049

As of statement date¶

027¶

09/01/04;08:31 001¶

V862¶

EFTA00195838¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

7 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail¶

INVESTMENT ACTIVITY¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	QUANTITY	PRICE	DEBT AMOUNT	CREDIT AMOUNT
08/02/04	07/30/04	BOUGHT	UNITED STATES TREASURY NOTE DUE 06/30/2006, 02,750% JD 30 YIELD 2,880 % TO MATURITY GVER REF # G2121013 A1	25,000,000 ACCR. INT.	100.12891	25,032,226.56 61,650.82
08/02/04	07/30/04	BOUGHT	UNITED STATES TREASURY NOTE DUE 06/30/2006, 02,750% JD 30 Yield 2,880 % TO MATURITY GVER REF # G2121013 B1	50,000,000 ACCR. INT.	100.12891	50,064,453.13 123,301.63
08/02/04	07/30/04	SOLD	UNITED STATES TREASURY NOTE DUE 07/31/2006, 02,750% JJ 31 Yield 2,718 % TO MATURITY GVER REF # G2121008 A1	-25,000,000	100.06250 ACCR. INT.		25,015,625.00 3,736.41
08/02/04	07/30/04	SOLD	UNITED STATES TREASURY NOTE DUE 07/31/2006, 02,750% JJ 31 Yield 2,718 % TO MATURITY GVER REF # G2121008 B1	-50,000,000	100.06250 ACCR. INT.		50,031,250.00 7,472.83
08/06/04	08/05/04	BOUGHT	UNITED STATES TREASURY NOTE DUE 07/31/2006, 02,750% JJ 31 Yield 2,824 % TO MATURITY GVER REF # G2181004 A1	25,000,000 ACCR. INT.	100.24219	25,060,546.88 11,209.23
08/12/04	08/10/04	BOUGHT	FEDER HOME LOAN MTG CORP#S02684 SERIES 211 CL PO DUE 02/01/2032 0987021011332 REF # 2004081057470000 BS	13,222,091	82.43750	10,899,961.68
08/16/04		PRINCIPAL	FEDER HOME LOAN MTG CORP SERIES 2483 CL SL 5,620 DUE 031/15/32 PRINCIPAL REDUCTN 08-15-04	-363,943
08/16/04		PRINCIPAL	FEDER HOME LOAN MTG CORP SERIES 2488 CLASS SQ 6,620 DUE 03/15/32 PRINCIPAL REDUCTN 08-15-04	-315,458

027¶

09/01/04;08:31 001¶

EFTA00195839¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

8 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 31, 2004¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

INVESTMENT ACTIVITY (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	SYMBOL/CUSP	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
08/16/04	PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE 6,020 DUE 02/15/32 PRINCIPAL REDUCTN 08-15-04	-434,507
08/16/04	PRINCIPAL	FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI 5,620 DUE 02/15/32 PRINCIPAL REDUCTN 08-15-04	-186,383
08/16/04	PRINCIPAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,620 DUE 01/16/34 PRIN ID 08-04 PID 08-16-04 REPO P & I 11,6200				100,872.80
08/18/04	EXPIRED	PUT TSY 31/8 05/07 EUROPUT STRK 99-20 EXP 08/13/2004	-50,000,000
08/20/04	JOURNAL	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SG 5,600 DUE 03/15/32 AUDIT POSITION	3
08/25/04	PRINCIPAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 PRIN ID/DT 07-04 PID 08-25-04 REPO P & I 0,0000				106,962.15
08/25/04	PRINCIPAL	FANNNE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR 6,550 DUE 03/25/33 PRINCIPAL REDUCTN 08-25-04	-564,215
08/25/04	PRINCIPAL	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW 5,550 DUE 01/25/33 PRINCIPAL REDUCTN 08-25-04	-284,273
TOTAL				-111,253,349.93	$75,265,919.19

027¶

09/01/04;08:31 001¶

EFTA00195840¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

9 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 31, 2004¶

INTEREST¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
08/02/04	AVG BAL 311,731RT 0,581 021 OFFICE INTEREST 0704		156.05
08/16/04	FEDERAL HOME LOAN MTG CORP SERIES 2471 CLASS YT DUE 03/15/2032 1,000 INT R/D 07-04 P/D 08-15-04 REPO P & I 1,000	1.0000	22,048.12
08/16/04	FEDERAL HOME LOAN MTG CORP SERIES 2489 CL SL DUE 03/15/2032 5,620 INTEREST PAYMENT 08-15-04	5.6200	71,955.30
08/16/04	FEDERAL HOME LOAN MTG CORP SERIES 2489 CLASS SD DUE 03/15/2032 6,620 INTEREST PAYMENT 08-15-04	6.6200	73,466.97
08/16/04	FEDERAL HOME LOAN MTG CORP SERIES 2530 CLASS SE DUE 02/15/2032 6,020 INTEREST PAYMENT 08-15-04	6.0200	88,774.97
08/16/04	FEDERAL HOME LOAN MTG CORP SERIES 2526 CLASS SI DUE 02/15/2032 5,620 INTEREST PAYMENT 08-15-04	5.6200	35,550.03
08/16/04	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SB DUE 01/16/2034 5,810 INT R/D 08-04 P/D 08-16-04 REPO P & I 5,8100	5.8100	205,817.52
08/16/04	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG DUE 01/16/2034 11,620 INT R/D 08-04 P/D 08-16-04 REPO P & I 11,6200	11.6200	92,479.38

027¶

09/01/04;08:31 001¶

EFTA00195841¶

BEAR STEARNS¶

CLEARED THROUGH ITS WHOLLY OWNED SUBSDIARY¶

10 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 31, 2004¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

INTEREST (continued)¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

DATE	DESCRIPTION	RATE (%)	CREDIT AMOUNT
08/20/04	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-5 CLASS PS DUE 02/20/2033 5,530 INT R/D 07-04 P/D 08-20-04 REPO P & I 5,5300	5.5300	202,766.67
08/25/04	FANNIE MAE CMO/SERIES 2003-13 S RCR-I/O FLTR DUE 03/25/2033 6,550 INTEREST PAYMENT 08-25-04	6.5500	168,044.57
08/25/04	FEDERAL NATIONAL MTG ASSN SERIES 2003-49 CLASS SW DUE 01/25/2033 5,550 INTEREST PAYMENT 08-25-04	5.5500	71,740.92
TOTAL			$1,032,800.50

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS with Bear, Stearns& Co.Inc.¶

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/02/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,620 DUE 01/16/34 FITM AZ TERM REPO AGREEMENT	9,550,365	6,225,000.00
08/02/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,620 DUE 01/16/34 FITM A1 REPO AGREEMENT	-9,550,365		7,080,000.00
08/02/04	DELIVERED	UNITED STATES TREASURY NOTE DUE 06/30/2006 2,750 2,750 DUE 06/30/06 FITM A2 TERM RESALE AGREEMENT	-75,000,000		75,562,500.00

027	09/01/04;08:31	001	V862

EFTA00195842¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

11 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 31, 2004¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

AGCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/02/04	RECEIVED	UNITED STATES TREASURY NOTE DUE 07/31/2006 2,750 2,750 DUE 07/31/06 FITM F2151023 A1 RESALE AGREEMENT	75,000,000	75,375,000.00
08/02/04	INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS S0 DUE 01/18/2003 11,620 FITM REPO INTEREST		1,348.75
08/02/04	INTEREST	UNITED STATES TREASURY NOTE DUE 06/30/2006 2,750 FITM A2 RESALE INTEREST			50,416.98
08/06/04	RECEIVED	UNITED STATES TREASURY NOTE DUE 07/31/2006 2,750 2,750 DUE 07/31/06 FITM F2151023 A2 TERM RESALE AGREEMENT	50,000,000	50,375,000.00
08/06/04	DELIVERED	UNITED STATES TREASURY NOTE DUE 07/31/2006 2,750 2,750 DUE 07/31/06 FITM F2151023 A2 TERM RESALE AGREEMENT	-75,000,000	75,375,000.00
08/06/04	INTEREST	UNITED STATES TREASURY NOTE DUE 07/31/2006 2,750 FITM F2151023 A2 RESALE INTEREST			8,856.56
08/12/04	JOURNAL	FEDL HOME LOAN MTG CORP#S02684 SERIES 218 CL PO DUE 02/01/32 FITM F2263160 A1 REPO AGREEMENT	-13,222,091		9,788,000.00
08/12/04	JOURNAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0.001 DUE $0001.02 FITM A4 TERM REPO AGREEMENT	4,278,010

027¶

09/01/04;08:31 001¶

EFTA00195843¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

12 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 31, 2004¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/12/04	JOURNAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 FITM A1 REPO AGREEMENT	-4,278,010		310,000.00
08/16/04	JOURNAL	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO 0,001 DUE 03/01/32 FITM A2 TERM REPO AGREEMENT	4,278,010	310,000.00
08/16/04	INTEREST	FEDERAL NATIONAL MTG ASSN STRIP MTG SERIES 322 CL PO DUE 03/01/2002 0,001 FITM A2 REPO INTEREST		62.00
08/19/04	JOURNAL	FEDERAL HOME LOAN MTG CORP SERIES 2488 CLASS SQ 6,400 DUE 03/15/32 FITM A1 REPO AGREEMENT	-13,001,818
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A1 REPO AGREEMENT	-9,449,493		6,145,000.00
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A2 REPO AGREEMENT	9,449,493	6,145,000.00
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A3 REPO AGREEMENT	-9,449,493		6,150,000.00

027¶

09/01/04;08:31 001¶

EFTA00195844¶

CLEARED THROUGH ITS CLEARLY WOUNDED SUBSIDIARY¶

13 of 14¶

FINANCIAL TRUST CO INC¶

Transaction Detail (continued)¶

STATEMENT PERIOD July 31, 2004¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

| THROUGH | August 31, 2004 |¶

| :--- | :--- |¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

SETTLEMENT DATE	TRANSACTION	DESCRIPTION	QUANTITY	DEBIT AMOUNT	CREDIT AMOUNT
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM REPO AGREEMENT	9,449,493	6,150,000.00
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A5 REPO AGREEMENT	-9,449,493		6,200,000.00
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A2 TERM REPO AGREEMENT	9,449,493	7,080,000.00
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A1 REPO AGREEMENT	-9,449,493		7,232,000.00
08/27/04	JOURNAL	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG 11,200 DUE 01/16/34 FITM A2 REPO AGREEMENT	9,449,493	7,232,000.00
08/27/04	INTEREST	GOVERNMENT NATIONAL MTG ASSN SERIES 2004-2 CLASS SG DUE 01/16/2034 11,200 FITM REPO INTEREST		8,407.50
TOTAL				-158,901,818.25	$193,901,773.54

027¶

09/01/04;08:31 001¶

EFTA00195845¶

BEAR STEARNS¶

OFFICE SERVICING YOUR ACCOUNT Bear, Stearns & Co. Inc.¶

CLEARED THROUGH ITS¶

CLEARLY WOUNDED SUBSIDIARY¶

14 of 14¶

MISCELLANEOUS¶

Transaction Detail (continued)¶

FINANCIAL TRUST CO INC¶

DATE MO/DAY	TRANSACTION	DESCRIPTION	DEBIT AMOUNT
08/02/04	RECEIVED	FITM POOL COUPON 2,7500 FINANCING NET PAIROFF DIFF	482.76
08/16/04	JOURNAL	JULY 04 SPEC CLEARING FEES	300.00
TOTAL			-782.76

STATEMENT PERIOD July 31, 2004¶

THROUGH August 31, 2004¶

ACCOUNT NUMBER¶

TAXPAYER NUMBER On File¶

| LAST STATEMENT | July 30, 2004 |¶

| :--- | :--- |¶

Trades Executed Pending Settlement¶

SETTLEMENT DATE	TRADE DATE	TRANSACTION	DESCRIPTION	SYMBOL/CUSIP	QUANTITY	PRICE	DEBIT AMOUNT	CREDIT AMOUNT
09/15/04	08/10/04	SOLD	FNMA-30YR(FNMA)GTD SETT,09//04 DUE 09/01/2034 05,500% REF # 2004081057320000 BS		-30,000,000.00	100.8281		30,248,437.50
TOTAL							$0.00	$30,248,437.50

The above trades do not appear in any other section of this statement.¶

******* End of Statement*******¶

027¶

09/01/04;08:31 001¶

Keyboard shortcuts

Go to a page: `g` then

What’s In This Statement¶

Your Portfolio Holdings¶

FIXED INCOME¶

Government & Agency Obligations¶

Your Portfolio Holdings (continued)¶

Repurchase and Reverse Repurchase Transactions¶

INVESTMENT ACTIVITY¶

Transaction Detail (continued)¶

INVESTMENT ACTIVITY (continued)¶

Transaction Detail (continued)¶

Transaction Detail (continued)¶

Transaction Detail (continued)¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

Transaction Detail (continued)¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

Transaction Detail (continued)¶

REPURCHASE AND REVERSE REPURCHASE TRANSACTIONS (continued)¶

MISCELLANEOUS¶

Transaction Detail (continued)¶

Trades Executed Pending Settlement¶

Other documents from the same file